Simon Carter Acquires 37 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 37 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was purchased at an average price of GBX 395 per share, for a total transaction of £146.15.

Simon Carter also recently made the following trade(s):

• On Friday, November 14th, Simon Carter bought 39 shares of British Land stock. The shares were acquired at an average price of GBX 383 per share, with a total value of £149.37.

British Land Trading Up 1.4%

LON:BLND opened at GBX 409.80 on Friday. The stock has a market cap of £4.10 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land Company PLC has a one year low of GBX 318.60 and a one year high of GBX 423. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. The business’s 50-day simple moving average is GBX 395.20 and its 200 day simple moving average is GBX 368.78.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 earnings per share for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. As a group, sell-side analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research note on Thursday, November 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 495 price target on shares of British Land in a research report on Wednesday, October 15th. Shore Capital reissued a “hold” rating on shares of British Land in a report on Wednesday, November 19th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 424 target price on shares of British Land in a report on Thursday, November 20th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 506 target price on shares of British Land in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, British Land currently has an average rating of “Hold” and a consensus target price of GBX 433.25.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.